Technical
Financial
Distress signals
Property profile

1008 Mooretown Rd Williamsburg, VA 23185

FOR LEASE
Commercial land
Property ID
US87-0679773
0.63 ac lot
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property consists of a shopping-center retail environment with available storefront spaces sized approximately 1,200 to 2,000 square feet, located within a center anchored by Ashley Furniture, Ollie’s Bargain Outlet, and Locke Supply. A renovation and redevelopment project has been initiated for the center. The site is accessible from Interstate 64 and Richmond Road (Route 60), and includes an outside garden area. The center also offers outparcel development opportunities with lot sizes of approximately 0.78 and 0.63 acres. The property is positioned along Bypass Road (Route 60), with reported traffic counts of approximately 22,000 AADT.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.63 ac (27,443 SF)
Zoning code GENERAL BUSINESS
APN D15A-1331-3075
UPID US87-0679773

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1008 Mooretown Rd Williamsburg, VA 23185
Williamsburg metro Census 51000 VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2022
Last sale
$200,000
1 recorded transaction
2022
$200,000

Zoning & alternative use

GENERAL BUSINESS · Williamsburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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